Investors are once again attempting to establish a synergy between Indian and US startup ecosystem. This time, it is not related to just funding but incubation and aimed at facilitating the cross-border growth of startups.

Blume Ventures has taken a lead in the segment and joined hands with Silicon Valley-based Benhamou Global Ventures (BGV) and Emergent Ventures to launch the accelerator platform Arka Venture Labs.

Besides, the accelerator platform is structured as a venture capital fund and dedicated to B2B startups.

With a corpus of about Rs 40 crore, the platform will anchor the investment with all the three funds. It has already achieved its first close.

The offering for startups is very high. Arka Venture Labs plans to provide seed and pre-seed capital of up to $200,000 for startups in the B2B space. Besides offering mentorship and infrastructure, it will give access to the Silicon Valley ecosystem that will be critical in scaling up B2B startups in global developed markets.

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Tausif Alam has more than seven years of experience in the media industry and has worked in both print and digital spaces. He began his career with Economic Times, where he worked for four years, and then switched to YourStory. Tausif is a straight-talker who believes in ‘seedhi baat, no bakwaas’, and aims to say things without mincing words.